Sixth Street, Bridgepoint Are Among Suitors for Kline Hill.

Sixth Street, Bridgepoint Group Plc, and First Eagle Investment Management are among the potential buyers interested in acquiring Kline Hill Partners, a firm specializing in secondaries bets. The deal, which is still being negotiated, could value Kline Hill at around $500 million. Kline Hill manages over $4.2 billion in assets and is seeking a partner to enhance its platform and capabilities as a liquidity provider for private equity assets. This interest in Kline Hill reflects a trend of consolidation in the alternative asset management industry, driven by firms' desire to expand their offerings. [Extracted from the article]